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April 21, 2013 - Glaucus Research Finds Additional Undisclosed Related Party Transactions for SouFun Holdings Ltd (NYSE: SFUN) maintaining a Strong Sell rating April 16, 2013 - SouFun Holdings Ltd (NYSE: SFUN) Supplemental Evidence April 16, 2013 - Glaucus Research Group California LLC issues a follow-up report on SoufFun Holdings Ltd (NYSE: SFUN) maintaining a Strong Sell rating April 4, 2013 - Glaucus Research Group California LLC is initiating coverage on SoufFun Holdings Ltd (NYSE: SFUN) with a Strong Sell ratingWe believe that the founder and Chairman of SouFun Holdings Limited (“SouFun” or the “Company”), which owns and operates a real estate website in China, has diverted resources from the Company for personal use through a series of questionable transactions involving high-priced New York real estate and charities of dubious authenticity. SouFun’s VIE structure demands that shareholders have full faith in the integrity of the Chairman because it is he, ultimately, who owns and controls the operating business in China. We believe that SouFun’s Chairman has irrevocably broken the trust of shareholders, rendering, in our view, the Company’s shares only as valuable as the Chairman’s apparent respect for his fiduciary duties.